Nick Scali (ASX:NCK) 1HFY24 Results:
- Nick Scali (ASX:NCK) have beaten their guidance and the market should like that. Nevertheless, a “not as bad as expected result” shouldn’t be confused with a good result. Sales still fell 20% and profits almost 30%. On a positive though, the worst appears to be over with the company returning to growth in January. They also pay a big fully franked dividend. As a growth investor though, 3.6% revenue growth doesn’t fit my criteria.
BEFORE THE MARKET OPEN
- US market was down overnight. Our futures point to a 33 point loss at the start. The 10 Year Bond Yield and the $US rose strongly for 2 nights in a row. The downtrend in both of these, is being threatened by the recent move. Ultimately, we want it to remain in place for our market to continue to rise.
- Best sector was tech.
Source: https://stocksunderthehood.com/free-resources/us-sector-performance/
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